Loving County, TX: income, rent and loan options

Loving County at a glance

With an estimated 33 residents (ACS 2020 to 2024), Loving County ranks 254th of 254 in Texas for population. It covers 669 square miles of land, with fewer than one resident per square mile. It sits outside every metropolitan statistical area in the July 2023 OMB delineation. Mentone, with about 10 people, is the only Census place mainly inside the county. Small populations mean wide margins of error, so read every Loving County figure on this page as a rough guide.

Housing costs in Loving County

Owners occupy 11% of homes. Median construction year: 1938.

Renters cannot borrow against a house, which narrows the choice to unsecured loans, cards and help from creditors; compare total cost, not just the payment.

Household income in Loving County

Loving County households have a median income of $51,250 (ACS 2020 to 2024), which ranks 221st of 254 in Texas.

Some 15% of households here live on less than $35,000 a year; 15% have six-figure incomes. The poverty rate is 6.1%, 8 points lower than the state's 13.8%. A household earning below the $51,250 median should test any payment carefully; one earning above it should still pick the shortest term it can manage.

Jobs and commutes in Loving County

Transportation, warehousing and utilities employs 73% of working residents, the largest share; public administration is next with 12%. The sharpest difference from the state is in transportation, warehousing and utilities, at 73% locally and 7% for Texas.

Shorter commutes usually mean lower vehicle costs, which can leave more room for a payment, or for paying a loan off early.

Places inside Loving County

Just one Census place, Mentone, lies mainly within Loving County; it holds about 10 people. Mentone has no separate guide, so this county page serves it.

The counties around Loving County

Nearest neighbors first, measured between county centers (30 to 63 miles). All of the six report a higher median household income than Loving County; Winkler County is highest at $86,900 and Reeves County lowest at $64,297. Some neighbors are in New Mexico. Lender licensing is state by state, so a loan for a Loving County resident follows Texas rules.

People and households in Loving County

Before borrowing in Loving County

A few patterns in the Loving County data, and the practical point behind each:

• Manufactured homes. 18% of Loving County housing units are mobile homes, and their repairs are often paid with unsecured loans. Get the quote in writing.
• Fixed incomes. Loving County's median age is 86.2. Social Security and pensions count as income when documented.
• Debt consolidation. One fixed payment can save money only if the written APR and fees beat what you pay now (guide).

A Loving County household budget, worked through

Here is the Loving County median household run through a simple DTI check. Your numbers will differ.

• $51,250 a year is $4,271 of gross monthly income
• No published median rent here; at 36%, total debt including housing would top out near $1,537

Lenders set their own limits and look beyond the ratio. The DTI calculator uses your figures instead of Loving County's.

Licensing and complaints for Loving County

The Texas Department of Banking is the place to verify any lender's Texas license. Texas also has the Office of Consumer Credit Commissioner for consumer credit. Federal complaints: consumerfinance.gov. More on Texas: Texas personal loans.

A Loving County borrower's checklist

Quick steps for Loving County:

• Borrow the amount the job needs; extra cash adds interest.
• Prequalify with soft pulls where offered, then compare in writing.
• Verify the Texas license before giving out your Social Security number.
• Pick the shortest term whose payment still fits.

More guides for Loving County

For statewide rules and data, see the Texas guide.

• Texas state guide